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Registered number: 13822802
3 Sigma Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
3 Sigma Capital Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
3 Sigma Capital Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13822802
2024 2023
Notes $ $ $ $
FIXED ASSETS
Investments 4 9,900,000 22,000,000
9,900,000 22,000,000
CURRENT ASSETS
Stocks 5 18,995,000 18,995,000
Debtors 6 200,000,000 -
Cash at bank and in hand 120 120
218,995,120 18,995,120
Creditors: Amounts Falling Due Within One Year 7 (220,644,909 ) (40,995,000 )
NET CURRENT ASSETS (LIABILITIES) (1,649,789 ) (21,999,880 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,250,211 120
NET ASSETS 8,250,211 120
CAPITAL AND RESERVES
Called up share capital 8 135 135
Other reserves (15 ) (15 )
Profit and Loss Account 8,250,091 -
SHAREHOLDERS' FUNDS 8,250,211 120
Page 1
Page 2
3 Sigma Capital Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Frank Pressler
Director
28 August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
3 Sigma Capital Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
3 Sigma Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13822802 . The registered office is Tower 42 25 Old Broad Street, 20th Floor, London, EC2N 1HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Such judgements and estimates are based on management's experience, knowledge of the business and other factors considered relevant in the circumstances.
Estimates and underlying assumptions are reviewed on an ongoing basis and are based on information available at the date the financial statements are approved. Actual results may differ from these estimates, and any revisions to accounting estimates are recognised in the period in which the estimate is revised and, where applicable, in future periods affected.
Areas involving a higher degree of judgement or estimation may include the assessment of the carrying value and net realisable value of inventories, the recoverability and impairment of assets and receivables, provisions and contingent liabilities, and the recognition and measurement of income, expenses and taxation.
In making these assessments, the directors consider all information reasonably available to them, including historical experience, current market conditions, professional valuations or other external evidence where appropriate, and expectations regarding future events that are considered reasonable in the circumstances.
The directors do not consider that there are any individual judgements or sources of estimation uncertainty, other than those disclosed elsewhere in these financial statements where applicable, that present a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2.4. Turnover
Turnover represents amounts receivable from the sale of gemstones in the ordinary course of the company's activities, stated net of discounts, returns and any applicable sales taxes.
Revenue from the sale of gemstones is recognised when the significant risks and rewards of ownership have transferred to the purchaser, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company. Turnover is measured at the realised value of the consideration received or receivable in respect of the gemstones sold.
The acquisition cost of gemstones sold, together with directly attributable costs incurred in bringing the gemstones to their condition and location for sale, including relevant cutting, polishing, grading, certification and other processing costs where applicable, is recognised within cost of sales in the period in which the related revenue is recognised.
Page 3
Page 4
3 Sigma Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Stocks and Work in Progress
Stocks comprise gemstones held for resale in the ordinary course of the company's business and are stated at the lower of cost and estimated net realisable value.
Cost includes the original purchase price of the gemstones together with directly attributable expenditure incurred in bringing the gemstones to their present location and condition. Such costs may include cutting, polishing, grading, certification, transportation and other directly attributable processing costs, where applicable.
Net realisable value represents the estimated selling price of the gemstones in the ordinary course of business, less any estimated costs necessary to complete their preparation and to effect the sale.
The carrying value of gemstone stocks is reviewed at each reporting date. Where the estimated net realisable value of an individual gemstone or category of gemstones has fallen below its carrying cost, an appropriate provision or write-down is recognised in the financial statements. Any subsequent reversal of such a write-down is recognised where the circumstances giving rise to the original impairment no longer exist.
The determination of net realisable value requires judgement, particularly given the nature of gemstone markets, and may take into consideration factors including the type, quality, condition, cut, weight, grading and certification of the gemstones, together with prevailing market conditions and, where appropriate, recent sales information or independent professional valuations.
2.6. Foreign Currencies
The financial statements are presented in United States dollars (USD), which is the company's reporting currency.
Monetary assets and liabilities denominated in currencies other than US dollars are translated into US dollars at the rates of exchange ruling at the statement of financial position date. Transactions denominated in foreign currencies are translated into US dollars at the rate of exchange ruling on the date of the transaction.
Exchange differences arising on the settlement of monetary items or on the translation of monetary assets and liabilities at rates different from those at which they were initially recorded are recognised in the profit and loss account in the period in which they arise.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 4
Page 5
3 Sigma Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Investments
Subsidiaries Associates Total
$ $ $
Cost or Valuation
As at 1 January 2024 22,000,000 - 22,000,000
Additions - 9,900,000 9,900,000
Disposals (22,000,000 ) - (22,000,000 )
As at 31 December 2024 - 9,900,000 9,900,000
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 - 9,900,000 9,900,000
As at 1 January 2024 22,000,000 - 22,000,000
5. Stocks
2024 2023
$ $
Stock 18,995,000 18,995,000
6. Debtors
2024 2023
$ $
Due within one year
Trade debtors 200,000,000 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Trade creditors 191,853,810 18,995,000
Amounts owed to participating interests 365,099 -
Other creditors 28,426,000 22,000,000
220,644,909 40,995,000
8. Share Capital
2024 2023
$ $
Allotted, Called up and fully paid 135 135
9. Controlling Party
The company is owned equally by two shareholders, each of whom holds 50% of the issued share capital and voting rights of the company.
Accordingly, neither shareholder has the ability to exercise unilateral control over the company and, in the opinion of the directors, there is no ultimate controlling party.
Page 5